Weekly credit volume of 199,892 was 147,504 credits below last week’s volume and 44 percent below the 2020 weekly average of 356,694. Volume fell 42 percent for the week and was 8.5 percent under last year’s volume for the same period. The average price paid per credit increased $2.20 to $194.79. There were 31 transactions, 58 percent were type 1 transfers of 114,972 credits and 14 were type 2 transfers of 84,920 credits. Type 1 transactions are executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a better indication of current market conditions since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $195.25, which was $0.46 above the average for all trades. Third quarter volume is 20 percent below second quarter volume but 52 percent…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...